Home Health Leaders envision transformative path for pharma provide chain of future – ET HealthWorld | Pharma

Leaders envision transformative path for pharma provide chain of future – ET HealthWorld | Pharma

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Leaders envision transformative path for pharma provide chain of future – ET HealthWorld | Pharma

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By Prabhat Prakash and Prarthana Sharma

Mumbai: The Indian pharmaceutical business faces unparalleled challenges, similar to evolving international well being crises and complicated regulatory frameworks. Consequently, there’s an elevated want for a proactive and adaptable supply chain. Amidst steady disruptions, it’s now crucial to uphold a clean provide chain, successfully handle dangers, undertake digital improvements, adjust to rules, and prioritise sustainability, all whereas hanging a steadiness between profitability and ethical decision-making.

Aiming to unite key opinion leaders, business pioneers, regulatory consultants, know-how innovators and repair suppliers to collectively envision a transformative path for the pharmaceutical provide chain of the long run, ETPharma just lately hosted the inaugural version of the ‘Future-Ready Pharma Supply Chain Summit’ at Courtyard by Marriott in Mumbai. The gold companions for the convention had been Accenture, ZIP2D, and Acaya. The summit acted as a pivotal house for business leaders, consultants, stakeholders, pioneers, regulatory and know-how innovators to collectively envision a transformative path for the pharmaceutical provide chain of the long run.

The convention kicked off with a welcome deal with by Prabhat Prakash, Senior Digital Content material Producer, ETPharma. The welcome deal with was adopted by a compelling session on ‘Reshaping the Future: Modern, Sustainable, Affected person-Centric Pharma Provide Chains’ with Dr Himanshu Gadgil, CEO, Enzene Biosciences Ltd; Parag Swadia, CEO, Otsuka Pharmaceutical India Pvt Ltd; Saurabh Gupta, Sr Vice President, Head World Provide Chain, Lupin; and Akash Kedia, Managing Director and Lead, Life Sciences, Accenture in India. The session was moderated by Vikas Dandekar, Editor, Pharma & Healthcare, ET Prime. In the course of the dialogue, Dr Gadgil highlighted, “Medication is transferring from generalised drugs to personalised drugs. The idea of producing is altering.” Commenting on implementing extra stringent protocols, Swadia stated, “Implementing extra stringent protocols will result in elevated prices throughout the business.” He additional added, “When extra stringent protocols are applied, the prices will improve. At the moment, pharma-grade plastic shouldn’t be accessible in India and it’s purchased from Europe and South Korea.” Gupta emphasised that the pharma business is all about compliance and robustness and all conditions can’t be taken as a right; we should always take a look at different sources of supplies. “There may be at all times a capability to learn the previous and predict the long run,” stated Kedia, “Create an end-to-end visibility in your provide chain.” The session concluded on the observe that pharmaceutical corporations are adopting data-driven choice—making, progressive know-how, and cooperative alliances to sort out the intricacies and unpredictabilities current within the present provide chain atmosphere.The ‘Reshaping the Future: Modern, Sustainable, Affected person-Centric Pharma Provide Chains’ panel dialogue was adopted by an vital panel dialogue on ‘Forging World Alliances: Aligning Airways, Freight Forwarders, and Pharma for High quality and Transparency’. The panellists for the dialogue included Dr Prasanta Gupta, Chief Procurement Officer, Aarti Industries Ltd; Rahul Sharma, Chief Monetary Officer, Fresenius Kabi Oncology Restricted; and Masud Shaikh, Sr Vice President Distribution, Alembic Prescribed drugs Restricted. The session was moderated by Tej Contractor, Chairman, Advisory Physique Data Expertise, FIATA Worldwide Federation of Freight Forwarders Associations, & Government Committee FFFA. Dr Gupta mentioned the worth of logistics companions, significantly in gentle of the COVID-19 pandemic. He identified that logistics companions should not included in planning procedures and recommends extra cooperation to get higher outcomes. This panel emphasised the importance of seeing logistics companions as important contributors and inspiring a mentality change that sees them as revered enterprise companions versus merely contractors or suppliers. Moreover, they burdened how know-how, like blockchain, can improve collaborations and advance transparency. Shaikh added that the capability of blockchain know-how to supply clear, unchangeable data of information or transactions is properly established. It may be used within the logistics atmosphere to watch the move of products and the well being of individuals engaged, similar to drivers, in addition to different parts of the provision chain. Contractor emphasised the necessity for a logistics companion, who oversees the move of services in an organisation’s provide chain, on par with different essential parts of enterprise technique, similar to auditors or vital distributors. Auditors make certain the funds are correct, and main suppliers present the elements that make the products doable. The ‘Forging World Alliances: Aligning Airways, Freight Forwarders, and Pharma for High quality and Transparency’ session succeeded in a dialogue on ‘Tech-Ahead Methods: Advancing Pharma Provide Chains by way of Digitalisation’. The panellists for the session had been Sundar Narsimhan, Chief Procurement Officer, Neuland Laboratories; Dr Prasanta Gupta, Chief Procurement Officer, Aarti Industries Ltd, and Vijay Shetty, Sr VP World Distribution & Provide Chain, Alkem Laboratories. The session will probably be moderated by Prabhat Prakash, Senior Digital Content material Producer, ETPharma. The dialogue emphasised the complexity of digital transformation in provide chain and procurement administration and the worth of strategic planning, stakeholder involvement, and utilising know-how to advance company goals.

The conclusion of the dialogue on ‘Tech-Ahead Methods: Advancing Pharma Provide Chains by way of Digitalisation’ was adopted by a companion presentation on ‘Way forward for Pharma Logistics’ by Nihar Parida, CEO, Zip2D.

The companion presentation was adopted by a trilogue on ‘Navigating Sustainability, Danger, and Resilience in Pharma Provide Chains’. The panellists included Chirag Mehta, CFO, Bharat Serums and Vaccines Restricted; Sanjay Kumar, Chief Technique & Sustainability Officer, Granules; Sugeet Chopra, SVP-World SCM, Strides Pharma Science Restricted; and Shantanu Bhadkamkar, Chairman, Maharashtra State Improvement, Mehta highlighted the necessity to spend money on human capital to recognise and efficiently handle dangers. By mentioning the restrictions of threat prediction, he admitted the unpredictable nature of some geopolitical occasions, such because the battle between Russia and Ukraine. Taking the dialogue additional, Chopra added that sustainability could be a doable aggressive benefit for pharmaceutical corporations. He highlighted the significance of sustainability actions by mentioning that the pharmaceutical business’s provide chain accounts for a large quantity of its carbon emissions.

The summit concluded with a panel dialogue on the subject ‘Preserving High quality: Cold Chain Logistics’ Position in Safeguarding Biosimilar and Pharma Integrity’. The individuals for the dialogue had been Surendra Deodhar, Vice President Supplies, Reliance Life Sciences Pvt Ltd; Ritesh Manchanda, Buyer Provide Chain Lead, GSK Prescribed drugs; and Apoorv Singhal, CEO, Acaya. The session was moderated by Dr Rajiv Desai, Senior Technical Advisor, Indian Pharmaceutical Alliance. Emphasising the challenges related to chilly chain administration, Deodhar stated, “Chilly chain is one thing that an organization or companion can’t management. There are particular dangers that we are able to foresee and a few that we can’t foresee. We attempt to have interaction with twin companions to handle this.” Manchanda highlighted that India’s CAGR for the chilly chain is predicted at 13 per cent and that high quality in pharma is paramount. Singhal talked about {that a} product in itself can’t disrupt the market and that they’re attempting to intently work with pharma corporations to see the precise challenges on the bottom.

  • Printed On Mar 12, 2024 at 06:43 PM IST

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